Peru $417M Penalty Claim Sparks Fierce Arbitration Battle With Freeport

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High-Stakes Representation

Freeport is backed by a legal team from Debevoise & Plimpton LLP—Dietmar W. Prager, Laura Sinisterra, Nawi Ukabiala, Julianne J. Marley, and Federico Fragachán—alongside Rodrigo Elias & Medrano’s Luis Carlos Rodrigo Prado and Francisco Cardenas Pantoja.

Peru is represented by Ricardo Puccio of Navarro & Pazos Abogados; Stanimir A. Alexandrov of his own PLLC; and Baker Botts LLP’s Jennifer Haworth McCandless, Alejandro Escobar, and María Carolina Durán.

What’s Next

The annulment battle could determine whether Freeport can reopen the door to nearly half a billion dollars in disputed penalties, or whether Peru’s claim remains locked tight. For now, the Andean nation is standing firm, portraying Freeport’s maneuver not as a quest for justice but as a dangerous overreach that risks undermining the sanctity of international arbitration.

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